Posts Tagged ‘Extraordinary Popular Delusions and the Madness of Crowds’

The object of the Author in the following pages has been to collect the most remarkable instances of those moral epidemics which have been excited, sometimes by one cause and sometimes by another, and to show how easily the masses have been led astray, and how imitative and gregarious men are, even in their infatuations and crimes,” wrote Charles Mackay in the preface to the first edition of his Extraordinary Popular Delusions and the Madness of Crowds. I want to discuss a contemporary moral epidemic: the notion that increasing atmospheric concentrations of greenhouse gases, notably carbon dioxide, will have disastrous consequences for mankind and for the planet. The “climate crusade” is one characterized by true believers, opportunists, cynics, money-hungry governments, manipulators of various types—even children’s crusades—all based on contested science and dubious claims. (more…)

Now that the Bali conference is over and climate scientists have warned us again about the dire predictions of their climate models, a question remains: Will their forecasts come true? Given the current international focus on global warming, you would think that, in 10, 15 or 20 years, many people will want to know whether today’s predictions proved accurate.

But, in fact, people rarely look back to see if their old forecasts were on the mark. Foretelling the future has always been difficult and almost always wrong. Charles Mackay, in his wonderful 1841 book “Extraordinary Popular Delusions and the Madness of Crowds,” observes that the so-called necromancers of earlier centuries who purported to divine the future were grouped with the worst alchemists. Today, however, computers seem to have undermined our natural skepticism. Many of us put our faith in complex software that most of us cannot understand. (more…)